Foreign exchange reserves rose by $90 million to $13.111 billion in the week ending July 01, 2006 the State Bank of Pakistan (SBP) said on Friday. Reserves held by the SBP rose to $10.760 billion from $10.673 billion a week earlier, however those held by commercial banks fell to $2.350 billion from $2.348 billion.

http://www.brecorder.com/index.php?id=4482...&term=&supDate=

So now we still only have slightly more forex than Finland!

http://www.cia.gov/cia/publications/factbo...r/2188rank.html

Anyway its on an upward movement and lets hope its stays that way for a long time;

Our reserves got depleted owing to this huge trade deficit, even if this deficit would have been halved, our reserves could have swelled beyond 18 billion dollars, let's hope our exports rise faster enough to sustain these reserves level and increase remains persistent.

thats some good news there.

Well As you can see the estimates for finland are from 2004, therefor it plausible that finland has also moved upwards.

maybe im just in a haze, but does someone else find it odd that comm bank reserves FELL to $2.35B from $2.348B?

Don't forget the $2+ Billion or so of foreign exchange Pak has invested abroad